Alexandra vs Lake Bunga
Property investment comparison - Alexandra, VIC 3714 vs Lake Bunga, VIC 3909
Head-to-head across core investment metrics: Alexandra wins 3, Lake Bunga wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Alexandra | Lake Bunga |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $395K |
| Gross rental yield (houses) | 4.19% | 4.25% |
| Gross rental yield (units) | 4.60% | 5.00% |
| 1-year house growth | +7.9% | -1.0% |
| 3-year house growth | +7.9% | -4.0% |
| Vacancy rate | 0.9% | 2.2% |
| Population | 2,801 | 408 |
Alexandra vs Lake Bunga: what the numbers say
On cash flow, Lake Bunga leads: houses there return a gross rental yield of 4.25%, compared with 4.19% in Alexandra, a gap of 0.06 percentage points.
Over the past year house prices moved +7.9% in Alexandra and -1.0% in Lake Bunga, so recent momentum favours Alexandra, while Lake Bunga went backwards.
Looking back three years, Alexandra houses are +7.9% and Lake Bunga houses -4.0%, so Alexandra has compounded faster than Lake Bunga over the longer window.
Rental vacancy is 0.9% in Alexandra and 2.2% in Lake Bunga, so landlords in Alexandra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Alexandra is the bigger suburb, with a population of 2,801 against 408, roughly 7 times the size of Lake Bunga; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lake Bunga for rental income, Alexandra for recent price momentum, Alexandra for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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